https://www.taxtmi.com/manuals?id=4564 Where an Input Service Distributor distributes input tax credit in contravention of entitlement rules, the excess credit distributed to recipients is recoverable from those recipients with interest, and the amount to be recovered is determined by applying the assessment and adjudication provisions mutatis mutandis. Recipients may voluntarily deposit the excess with interest by the prescribed procedure, but otherwise assessment and recovery proceedings may be initiated; the ISD is also liable to a general penalty for improper distribution. en-us Mon, 22 Jul 2024 17:40:00 +0530 Thu, 03 Oct 2024 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4564 Where an Input Service Distributor distributes input tax credit in contravention of entitlement rules, the excess credit distributed to recipients is recoverable from those recipients with interest, and the amount to be recovered is determined by applying the assessment and adjudication provisions mutatis mutandis. Recipients may voluntarily deposit the excess with interest by the prescribed procedure, but otherwise assessment and recovery proceedings may be initiated; the ISD is also liable to a general penalty for improper distribution. Manuals GST Mon, 22 Jul 2024 17:40:00 +0530 https://www.taxtmi.com/manuals?id=4564